Your Money or Your Data – The Rise of Ransomware | Carte Blanche | M-Net

Global foreign exchange network Travelex is reeling from the fallout of having to shut down its websites across 30 countries to contain a cyber-attack on New Year's Eve, in which hackers demanded a ransom of US$6 million to delete sensitive stolen client information – dates of birth and credit card information. But South African companies and institutions are not immune to the epidemic of ransomware attacks, as the City of Johannesburg found out late in 2019. So how can you protect your business, and what can your organisation learn from those already held to ransom by cybercriminals?

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